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Gholson 76705
178 Jake Sparks Drive
$260,000
● House - Off Market

178 Jake Sparks Drive

Waco, TX 76705
bedrooms
3 Beds
bathrooms
0 Bath
square feet
1,984 Ft²
$252,293
RealtyHop Estimate
2.98%
Since Apr 1, 2022
National-US
Primary Model

About This Property

Are you looking for a mini-ranchette in the country? Well, you found it here! This well maintained home on two acres is tucked back off the road and nestled amongst the trees. Nice layout with large rooms. Large master bedroom with walk-in closet and built-in desk. Kitchen has an abundance of storage and work space. This home also features an amazing fireplace for those cold winter days and family gatherings. Large laundry room with storage and freezer space. Additional covered parking for the RV, boat or other toys. Peaceful setting with beautiful sunset views of the countrysid
Unit Size
1,984 Ft²
Days on Market
-
Land Size
2.00 acres
Price per sqft
$123
Property Type
House
Property Taxes
$233
HOA Dues
-
Year Built
1972

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Cap Rate Calculator

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Cap Rate 100% Occupancy
N/A (extreme outlier)

What does this mean?

Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.

How much can I actually make?

Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.

How is cap rate calculated?

Cap Rate = Net Operating Income (NOI) / Property Asset Value.

When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.

Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.

Last updated: 2 years ago (NTREIS #206060)

Price History

Date / Event Date Event Price
Mar 21, 2022 Sold
Premium
Sold
Feb 8, 2022 Listed by Kelly, Realtors $245,000
Listed by Kelly, Realtors

Property Highlights

Air Conditioning
Fireplace
Garage

Building Info

Overview

    General

  • Year Built: 1972
  • Effective Year Built: 1991
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 17
  • Building Style: 0
  • Exterior Walls Type: 3
  • Interior Walls Type: 0
  • Roof Shape Type: 3
  • Roof Cover Type: 3
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 484
  • Parking Space Count: 2
  • Patio Type: 20
  • Porch Type: 7
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 87,120
  • Lot Size Depth Feet: 4,810
  • Lot Size Frontage Feet: 3,000
  • Total Building Area: 2,468
  • Gross Building Area: 2,468
  • Building Area: 1,984
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 1,984
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: WARE MARY
  • Land Acres: 0000002000
  • Standard Land Use Code: 1000
  • County Land Use Code: A3
  • State Land Use Code: A3
  • Legal Description 1: WARE MARY TRACT 4A ACRES 2.0

Neighborhood

  • School District Name: Gholson Independent School District
  • Census Tract: 004202

Zoning

  • Zoning: R

Geography

  • Assessors Map Reference: PG 4D
  • Subdivision Tract Number: 4A
  • Parcel: 24-105600-000901-3
  • Lot: 4A
  • Municipality: WACO
  • Latitude: 31.7188
  • Longitude: -97.2717

    Address

  • Full Address: 178 Jake Sparks Dr
  • Address - House Number: 178
  • Address - Street Name: Jake Sparks
  • Address - Suffix Type: Dr
  • State: TX
  • City Name: Waco
  • Carrier Code: R005
  • 4-Digit Zip Code: 5930
  • Zip Code: 76705

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $334,287
  • Tax Rate Code Area: 86

    Appraisal Valuation

  • Standard Deviation: 0.237
  • Valuation Date: Dec 28, 2022
  • Confidence Score: 66
  • Final Value: 299,053
  • High Value: 369,953
  • Low Value: 228,154

    Market Valuation

  • Market Total Value: $244,000
  • Market Land Value: $23,000
  • Market Improvement Value: $221,000

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $244,000
  • Assessed Land Value: $23,000
  • Assessed Improvements Value: $221,000

    Sales

  • Current Sale Contract Date: Mar 21, 2022
  • Current Sale Recording Date: Mar 21, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 10895

    Financing

  • First Mortgage Financing Type: ADJ
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Gholson

Stats & Trends

Median Asking:

$265,000

Sale Price/ft²

$179

Below Asking

0.04%

Average Days on Market

91

Average Home Size

2317 ft²

Average Home Age

35.4 years

Currently For Sale

7 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Rentals Near You

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NTREIS

Listed by: Melissa Youmans, Kelly, Realtors
Last Updated: 2 years ago
Data Source: NTREIS MLS, MLS# 206060
Details provided by NTREIS and may not match the public record

Frequently Asked Questions

When was property at 178 Jake Sparks Drive built and last sold?
The property at 178 Jake Sparks Drive was built in 1972 and last sold on Mar 21, 2022 for $276,640.
How much is this home worth?
The estimated value of the home located at 178 Jake Sparks Drive is $0.
What are some comparable homes to 178 Jake Sparks Drive?
There are currently no comparable homes to 178 Jake Sparks Drive.
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